Des Moines Metro January Housing Trends
February 11, 2019
Des Moines, Iowa – February 11, 2019 – The Des Moines Area Association of REALTORS® (DMAAR) reports another month of steady sales.
Median Sale price was up 3.8 percent from December 2018. Due to the extreme cold of January, sold properties were down slightly from last year and down from December. 652 residential properties were sold in January 2019 while 741 were sold in January 2018. This is a 13 percent decrease from last year. January had a 36 percent decrease in solds when comparing to the 1,023 sold properties in December.
Properties continue to sell quickly with an average of 64 days on market.
The number of properties on the market increased. Active listings were up to 3,485 compared to 3,094 in January of 2018.
396 properties or 60 percent of solds were financed conventionally. Cash purchases amounted to 15 percent of the sold properties. Only 9 percent of homes were financed with an FHA Loan.
Additional Statistics and information about the Des Moines area housing market are available at the DMAAR website, www.dmaar.com
The Des Moines Area Association of REALTORS® is a professional association that represents the almost 2,300 REALTOR® members. The mission of DMAAR is to be the voice of real estate in the Des Moines area. The term REALTOR® is a registered trademark, which identifies real estate professionals who adhere to a strict code of ethics as members of the National Association of REALTORS®.